John Hancock Income Securities Trust (NYSE:JHS) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of John Hancock Income Securities Trust (NYSE:JHS) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.95 and traded as low as $10.94. John Hancock Income Securities Trust shares last traded at $10.96, with a volume of 20,183 shares traded.

John Hancock Income Securities Trust Stock Performance

The stock has a 50-day moving average price of $10.95 and a 200 day moving average price of $11.15.

John Hancock Income Securities Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were issued a $0.1535 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a yield of 5.6%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in John Hancock Income Securities Trust during the first quarter valued at $27,000. Petra Financial Advisors Inc. raised its position in shares of John Hancock Income Securities Trust by 34.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 6,532 shares during the last quarter. Baird Financial Group Inc. lifted its stake in John Hancock Income Securities Trust by 23.9% in the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after buying an additional 11,587 shares in the last quarter. Fiera Capital Corp lifted its stake in John Hancock Income Securities Trust by 35.7% in the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 27,841 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in John Hancock Income Securities Trust by 60.1% in the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 49,377 shares during the last quarter.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.